Binance Allows Customers to Resume Withdrawals, Sees $5.8 Billion Net Outflow

Binance, the world's largest crypto exchange, experienced a $5.8 billion net outflow of assets after resuming user withdrawals on Sunday morning following a historic $6.3 billion hack. According to DefiLlama, this figure represents about 3% of total assets. Binance stated that while withdrawals surged initially upon the resumption of services, the pace has since slowed. These outflows represent a small fraction of the exchange's total customer assets, which are valued at roughly $171 billion.